Rental properties are not the only way to generate a profit from real estate investment. We speak with Scott Meyers, mentor at Self Storage Investing. Scott believes that real estate is the best possible investment, and self-storage is his preferred subcategory. In today’s episode, he tells us why and dives into a comparison of self storage with tenancy. We talk about how the storage landscape has changed during the pandemic, and explore the impact of recessions and economic growth on the storage business. Scott explains why self-storage parallels multifamily investment and tells us why he takes an opportunistic approach to all markets. Next, he tells us how he has benefitted from being in the business for years and having properties in different locations, before outlining some of the mistakes people make when doing due diligence.
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